UPCOMING DEADLINE: Levi & Korsinsky Notifies Investors with Losses on Their Investment in MAKO Surgical Corp. of Class Action...
June 25 2012 - 6:16PM
Business Wire
Levi & Korsinsky announces that a class action lawsuit has
been commenced in the United States District Court for the Southern
District of Florida on behalf of investors who purchased MAKO
Surgical Corporation (Nasdaq: MAKO) common stock between January 9,
2012 and May 7, 2012.
For more information, click here:
http://zlk.9nl.com/mako-surgical. There is no cost or
obligation to you.
The complaint alleges that defendants misrepresented and/or
failed to disclose: (a) that the Company was experiencing higher
costs and slower sales of its RIO systems, and thus was set to
suffer a larger first quarter loss; (b) that utilization rates of
the Company’s RIO systems were dropping; (c) that the Company’s
2012 Outlook lacked a reasonable basis when made; and (d) that,
based on the above, defendants lacked a reasonable basis for their
positive statements about the Company and its prospects.
On May 7, 2012, the Company announced its first quarter 2012
financial results. Revenue dropped approximately 40% from the
fourth quarter 2011 and missed analyst expectations by
approximately 20 percent. As a result, the price of MAKO common
stock dropped $15.13 per share, or nearly 37%, to close at $26.27
per share on May 8, 2012, on unusual high volume.
If you suffered a loss in MAKO you have until July 9, 2012 to
request that the Court appoint you as lead plaintiff. Your ability
to share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E.
Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(877) 363-5972, or visit http://zlk.9nl.com/mako-surgical.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. For more information, please feel free to contact any of
the attorneys listed below. Attorney advertising. Prior results do
not guarantee similar outcomes.
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